Question: PLEASE ANSWER WITH SOLUTIONS Ms. Jacky, a production worker earns P 14,904 a month, and the company pays one month's salary as bonus at the

PLEASE ANSWER WITH SOLUTIONS

Ms. Jacky, a production worker earns P 14,904 a month, and the company pays one month's salary as bonus at the end of the year. Ms. Jackie is entitled to a half month paid vacation. The company also pays, P2,070 a year into a pension fund of a worker. All labor-related fringe benefits of production workers are treated as FOH. Bonus, vacation pay, and pension costs are charged to production during the 11 months the employee is at work. What is the total amount charged to FOH and treated as a liability?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Chapter S 182 MULTIPLE CHOICES-THEORETICAL 1. To check the accuracy of hours worked, one would ordinarily compare time cards with: a. employee earnings records b. personnel records c. job time...

1. Jose Santos worked 46 hours in one week at a rate of P45 an hour, He is paid one and a half times the regular rate for hours worked in excess of 40. What is the gross earnings of Jose Santos: 2....

Ms. Rose, a production worker earns P14,904 a month, and the company pays one month's salary as bonus at the end of the year. Ms. Rose is entitled to a half month paid vacation. The company also pays...

5. Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns P100 per hour, and the combined hourly charge of the four workers is P320. Each employee is...

42. Ms. Se Ri, a production worker earns P14,904 a month, and the company pays one month's salary as bonus at the end of the year. Ms. Se Ri is also entitled to a half month paid vacation. The...

Please answer the following questions after reading Lectures 3,4 and 5: 1. Please list, describe and explain each one of the five major types of taxes as discussed in Lectures 3,4, and 5: What is the...

3 Use the Big M method and the two-phase method to nd the optimal solution to the following LP: max z 5x1 x2 s.t. 2x1 x2 6 s.t. x1 x2 4 s.t. x1 2x2 5 x1, x2 0 4 Use the simplex algorithm to nd the...

Answer the following questions for the molecular orbitals of 1,3,5-hexatriene: a. Which are the bonding MOs and which are the antibonding MOs? b. Which MOs are symmetric and which are asymmetric? c....

Discuss the two most commonly used ways to determine a persons life insurance needs.

The matrix approach to variance analysis Is more accurate than the equation approach. will yield slightly different variances than the equation approach. provides a convenient structure for...

What are the different marketing service strategies organisations can utilise.

7. Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store. What motivated the producers of those individual products to make them and...

2. How does self-interest help achieve societys economic goals? Why is there such a wide variety of desired goods and services in a market system? In what way are entrepreneurs and businesses at the...

1. Contrast how a market system and a command economy try to cope with economic scarcity. LO2.1